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San Diego Library Foundation Finds Funds

Mel Katz, chair of the San Diego Public Library Foundation, says his foundation has identified 13 "actively engaged" prospects willing to donate $10 million or more for downtown's new central library.

According to Katz, who spoke during the March 23 meeting of the Rules Committee, the foundation is confident that they will find the remaining $32.5 million needed to start construction on the project's second phase by the January 2012 deadline.

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Finding the needed funds for the nine-story central library and home to a San Diego Unified School District charter high school has been difficult. The San Diego Public Library Foundation has identified half of the $64.5 million that they pledged, approximately 35 percent of the total $184.9 million project price tag. The remaining cost includes $80 million from CCDC, $20 million from state librarians, $20 million from San Diego Unified, and $32 million in private donations.

"We have a very strong connection with every one of these 13 people," Katz told committee members Tony Young, Kevin Faulconer, Sherri Lightner, and Todd Gloria.

One way that Katz and other fundraisers are trying to attract those big donors is by offering naming rights on the building.

"If you want your name on the library, then that's $20 million; the auditorium, $15 million; reading room, $10 million; and the main entrance $10 million," said Katz.

Councilmember Kevin Faulconer, although confident that the foundation would achieve its fundraising goal, made sure that the representatives from the library foundation were completely aware that the burden falls on them to identify that funding. "This task must be completed without public funds. There will not be general fund money available."

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Mel Katz, chair of the San Diego Public Library Foundation, says his foundation has identified 13 "actively engaged" prospects willing to donate $10 million or more for downtown's new central library.

According to Katz, who spoke during the March 23 meeting of the Rules Committee, the foundation is confident that they will find the remaining $32.5 million needed to start construction on the project's second phase by the January 2012 deadline.

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Finding the needed funds for the nine-story central library and home to a San Diego Unified School District charter high school has been difficult. The San Diego Public Library Foundation has identified half of the $64.5 million that they pledged, approximately 35 percent of the total $184.9 million project price tag. The remaining cost includes $80 million from CCDC, $20 million from state librarians, $20 million from San Diego Unified, and $32 million in private donations.

"We have a very strong connection with every one of these 13 people," Katz told committee members Tony Young, Kevin Faulconer, Sherri Lightner, and Todd Gloria.

One way that Katz and other fundraisers are trying to attract those big donors is by offering naming rights on the building.

"If you want your name on the library, then that's $20 million; the auditorium, $15 million; reading room, $10 million; and the main entrance $10 million," said Katz.

Councilmember Kevin Faulconer, although confident that the foundation would achieve its fundraising goal, made sure that the representatives from the library foundation were completely aware that the burden falls on them to identify that funding. "This task must be completed without public funds. There will not be general fund money available."

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San Diego Reader 2024 Music & Arts Issue

Favorite fakers: Baby Bushka, Fleetwood Max, Electric Waste Band, Oceans, Geezer – plus upcoming tribute schedule
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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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